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5 bed detached house
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Our Summary
- 🏢 Detached Freehold Block of 5 Flats with Development Potential – Croydon
- The property further benefits from a large private driveway with parking for multiple vehicles, small private gardens serving the ground-floor flats, and land to the rear offering future development potential, subject to the usual planning consents
- The property can be purchased as a fully income-producing investment or with vacant possession, making it suitable for investors, developers, or owner-occupiers seeking a value-add opportunity
- Land at the rear with development potential (STPP)
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Description
This detached freehold block in Croydon consists of five self-contained flats, generating a strong rental income of approximately £80,000 per annum. The property features a large private driveway with parking for multiple vehicles, small private gardens for the ground-floor flats, and a rear land plot with potential for future development, subject to planning consents. The property can be purchased as a fully income-producing investment or with vacant possession, making it suitable for investors, developers, or owner-occupiers seeking a value-add opportunity.
Its strong rental demand location and development potential make it an attractive option for those looking to capitalize on the property market.